Economy, asked by daisy182003, 11 months ago

Who are the winners in times of high inflation? In times of recession? In times of depression?

Answers

Answered by Anonymous

4

Answer:

Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: Inflation will hurt those who keep cash savings and workers with fixed wages. Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts.

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